Regulatory Information

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Regulatory Information

On March 18, 2013, FinCEN published the Application of FinCEN’s Regualations to Persons Administering, Exchanging, or UsingVirtual Currencies. MSB stands for Money Services Business and is regulated by FinCEN (Financial Crimes Enforcement Bureau, an agency of the U.S. Department of the Treasury). All businesses related to money services must apply for this license.

License introduction

The MSB (Money ServicesBusiness) license is a financial license issued by FinCEN (Financial Crimes Enforcement Bureau, a division of the U.S. Department of Treasury), which regulates money services related businesses and companies. The scope includes international remittances, foreign exchange, currency transactions/transfers (including digital/virtual currencies), ICO issuance, providing prepaid items, issuing traveler’s checks, and other businesses.

U.S. MSB license search website: https://www.fincen.gov/msb-state-selector